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Tag: COSCO

Sea and rail mail from China replaces air cargo trade

Following on the heels of the China Post-COSCO collaboration, the customs and port authorities of Liaoning and Guangdong provinces in China have opened up...

China Post and COSCO collaborate on postal service

COSCO Shipping Lines, the China COSCO group’s container liner unit, has been working with China Post to deliver letters on its vessels, in an...

Insurance mutuals highlight danger of incorrect declarations

An increasing number of major incidents in a matter of months, including the fire on board COSCO Pacific that started with a container load...

Waiting game for US logistics

Logistics firms all along the supply chain are waiting to see what happens to the infection rate in the United States and what the...

COSCO Shipping Holdings profit up 450%

COSCO Shipping Holdings said on 30 March 2020 that net profit for 2019 rocketed nearly 450% from 2018, with earnings of CNY6.8 billion (US$...

OOIL books US$1.35 billion profit on US terminal sale

Synergies from the acquisition by COSCO of Orient Overseas Container Lines (OOCL) and the sale of its Long Beach terminal were behind the Hong...

China is now the largest container ship-owning nation

The German Shipowners’ Association (VDR) President Alfred Hartmann has said that China has surpassed Germany as the largest container ship-owning country. Ship databases corroborate Hartmann’s...

Ocean Alliance launches its Day Four Product

Ocean Alliance has announced the start of the Ocean Alliance Day Four Product. The new product will provide 19 transpacific services, two transatlantic services,...

PIL continues ship sales with Wan Hai Neo-Panamax deal

Pacific International Lines (PIL) continues to sell container ships amid talk of financial pressures at the Singapore-based liner operator. On 2 March 2020, Taiwanese carrier...
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Mersin International Port Management Inc. (MIP), a key gateway terminal in Türkiye and a joint venture between PSA International, IFM, and Akfen, officially completed...

GEODIS unveils low-carbon air freight solution

GEODIS introduces GEODIS AirSmart, an innovative low-carbon air freight service designed to minimize greenhouse gas emissions through optimized performance. The official launch takes place today...

Gemini partners on track for 90% schedule reliability target

In April, global schedule reliability improved by 1.7 percentage points M/M to 58.7%, the highest level recorded since November 2023, according to Danish maritime...

America’s Shipbuilding Crisis: A Strategic Vulnerability in an Era of Global Tension

As the United States navigates an increasingly volatile global landscape, its shipbuilding crisis has emerged not just as an industrial shortfall but as a...
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